Stocks End Mixed Ahead of Inflation Data

AMZN: The Untold Story of Amazon.com - Book CoverThe stock market ended mixed on Thursday to close out its first losing month since February. Investors await the release of inflation data and remain focused on the next move of the Federal Reserve on interest rates in September.

Overall, S&P 500 declined 0.2% to 4,508, while NASDAQ was up 0.1% to 14,035.

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Here is the one-year chart of Amazon (AMZN) as of August 23, 2023, when the stock was at $136.

Amazon serves customers through its online and physical stores with a focus on selection, price, and convenience. The company with more than one million full-time and part-time employees work to deliver hundreds of millions of unique products that are sold by Amazon itself and third-party sellers.

Amazon took a large leap in profit growth. Profit grew 261% against analysts’ estimates of 89%. This is leaps and bounds ahead compared to profit growth of -16% two quarters ago. Looking at the financials, the North America retail division had a profit of $3.2 billion last quarter versus a $627 million loss a year ago. This was due to the transitioning of the fulfillment network from one national network in the US to eight separate regions. This reduced the number of touches on a delivered package by 20%, a 19% reduction in miles traveled, and an increase in deliveries filled within the region from 66% to 76%.

David Sharek, Founder of School of Hard Stocks, sold AMZN stock from our Conservative Growth Portfolio and Growth Portfolio on March 11, 2022 at $146. It is not a stock he is looking to add at this time. This company issues a lot of new stock for employees. Shares outstanding were 10.45 billion, up from 10.18 billion a year ago.

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